Announcement

ADMIN: MPG: Metro Glass CEO to leave company in March 2018

14 Dec 2017 08:30

NZX

NZX and ASX Release
14 December 2017
Metro Glass CEO to leave company in March 2018
After five years with Metro Performance Glass (MPG), current CEO and
Executive Director, Nigel Rigby has advised the Board of his decision to
leave the company effective 31 March 2018 (financial year end).
"Nigel has made a significant and valued contribution to the transformation
and growth of the business," says MPG Chairman Peter Griffiths.
"Nigel joined the company at a challenging time and the past five years have
been particularly busy and intense. He led the business through the IPO and
has driven Metro Glass forward with massive enthusiasm and energy. He has
been key to the introduction of new products, new channels, new business
segments and a significant new market in Australia," says Peter. "The Board
thanks him for his valued contribution and we wish him well for the future."
Nigel says, "After five transformative years, the time is right to move on
and make way for a different leader to take the company on the next stage of
its journey."
Peter Griffiths says the Board has confidence in the leadership team, which
remains focused on operating the business and will be integral in managing
the transition period.
"There is deep manufacturing, sales and marketing expertise in the team and
MPG will continue to deliver for our customers.
"Our long-term manufacturing improvement programme will continue unaffected
and the capital works programme will be completed by 31 March 2018," he says.
The Board will be commencing an international recruitment process
immediately.
"We''re looking for a leader who appreciates the totality of our business and
our unique place in the NZ and Australian building sectors. We have a team
of committed and motivated people and it will be important for our incoming
CEO to build on the expertise inherent in the business and the momentum that
Nigel has built to date."
/Ends
For further information please contact:
Andrew Paterson
Investor Relations Manager
(+64) 027 403 4323
andrew.paterson@metroglass.co.nz
End CA:00311891 For:MPG Type:ADMIN Time:2017-12-14 08:30:13